1、 Price trend
According to the bulk list data of business society, mixed xylene fell slightly this month. The price of xylene is 5890 yuan / ton on December 12; On December 30, the price was 5860 yuan / ton, the lowest price in this month was 5680 yuan / ton, and the highest price in this month was 5900 yuan / ton, down 0.51% from the beginning of the month; Compared with the same period last year, the price difference between the highest price and the lowest price in the month was 220 yuan / ton.
2、 Analysis and review
Mixed xylene is obviously affected by the trend of crude oil this month. At the beginning of the month, crude oil fell to a low level, and mixed xylene followed the decline in cost and related commodity prices. Mixed xylene surged as crude oil prices rebounded. Although the downstream demand is deadlocked, the port inventory of mixed xylene is normal, and the overall market is better than that of toluene. At the end of the month, boosted by the rise of crude oil and gasoline, prices rebounded at a low level.
In terms of crude oil, the international oil price rebounded after falling to a low at the beginning of the month. The market constantly weighed the impact of Omicron mutant strain on economy and demand, and the international oil price fluctuated and rose. As of December 30, Brent rose $8.75 / barrel, or 12.4%; WTI rose $10.81/barrel, or 16.33%.
In terms of external trading, the price of mixed xylene in Asia rose this month. On December 30, the price of mixed xylene imported from Korea was USD 768.5/t, an increase of USD 36 / T or 4.91% over November 30; The reference price of domestic imported mixed xylene was US $790.5/t, an increase of US $35.5/t or 4.7% over November 30.
| EDTA |
In the PX market, the domestic PX price continued to be stable this month, with the price at 6700 yuan / ton at the beginning of the month and 6700 yuan / ton at the end of the month. The price was flat compared with the beginning of the month and increased by 42.55% compared with the same period last year. On December 30, the closing price of p-xylene market in Asia was USD 874-876 / T FOB Korea and USD 892-894 / T CFR China.
In terms of PTA market, PTA prices in East China surged this month, with the price at 4478.6 yuan / ton at the beginning of the month and 4937.5 yuan / ton at the end of the month, an increase of 10.25% over the beginning of the month and 36.06% over the same period last year.
In terms of ox market, ox in East China stabilized after falling this month. The price was 6600 yuan / ton at the beginning of the month and 6300 yuan / ton at the end of the month, down 4.55% from the beginning of the month and up 26% from the same period last year.
In terms of gasoline, gasoline in Shandong fell sharply this month and rebounded slightly in the latter half of the month. The price was 7959.4 yuan / ton on December 1 and 7637 yuan / ton on December 31, down 4.05% from the beginning of the month and up 33.82% from the same period last year.
| Melamine |
3、 Future forecast
In terms of raw materials, the prospect of crude oil demand is good, and the short-term high level of crude oil fluctuates under the positive influence of high European natural gas prices. In the future, we will continue to pay attention to the impact of global climate, epidemic situation, OPEC + decisions on output, US crude oil and refined oil storage dynamics, global economic conditions and so on on on crude oil prices.
The short-term crude oil trend is strong and the cost side support is strong. However, the downstream demand is weak, and the supply of mixed xylene is expected to increase in the later stage. Overall, mixed xylene continued to fluctuate. Pay attention to the impact of crude oil and external market trend at the raw material end, plant dynamics of enterprises at the supply end, port inventory and downstream purchase at the demand end on the price of mixed xylene.
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